So far , all the five glove makers Harta , Kossan , Supermx , Rubberex, Careplus had made record profits last QTR . They had also make statements that Demand for gloves is still very strong .
Next month , Topglove and Comfort will release their QR. I expect both to make record profits based on their last QR .
Topglove last QR although was a record but affected due to 8 % drop in shipment due to line shutdown arising from workers covid infections . The management stated in previous QR that this QR and the next will be better . So far , we still have not heard of any shutdown .
Comfort last QR although a record but 25 % of shipment was held back due to container shortage problem . THis 25 % shipment will be rolled over to this Qtr , Expect to see another record earnings .

Report from The Edge with Title : Rubberex 1Q net profit soars to record high of RM 86.57 m on higher glove demand and selling prices.

QOQ net profit rose 45.66 % . The groups order book of 2.5 billion have already been fully taken up for the rest of the year

Meanwhile , Rubberex managing director Khoo Chin Leng said in a statement the demand for gloves and other PPE is still steadfastly strong and notwithstanding robust vaccination programmes globally ,disposable gloves remain persistent at the forefront of protection ,safety and hygience .

The above statements has proven again that DEMAND for Gloves remain robust and strong . Capacities are fully booked until the end of the year .

wow. solid 2.5 hrs of webinar meeting. The most interesting part was how CEO Goh answered the questions on dividend, why share split rather than bonus , his long term view on mfcb etc.

moneymakers , no one can confirm the future . We can only project and estimate based on past data and facts . Since you keep bombarding messages with ASPs drops and earning drops without facts and data , I am here to show you the actual ASP and earning of supermx at the very beginning of the pandemic which is April to June 2020 qtr which the pandemic is not as serious as now . This qtr supermx made 400 millions with only 24 millions capacity and with only 15 % increase in ASP . How can supermx achieve 25 x increase in profit if there isnt a new income source and with changes to its business model ? Your projection of only 2x increase in earning is misleading without any basis . These additional incomes came from the middlemen like dealers ,OEM, agents who were cut off since March 2020 .Today , Supermx sell 58 % of the gloves directly to the final customers.

citadel9999, Can add now or wait somemore ?

invest malaysia , thks for your advice , Yes . dont put all the eggs in one basket. MFCB is my retirement fund which is my biggest investment in my portfolio. The 25 years of guaranteed income from the DON SAHONG hydro electric power plant gives me ANSHINKAN .

Moneymaker , enough of spreading fake news lah .

Look at last year April to June Supermx earning is enough to tell you what to expect . This qtr is the first qtr of pandemic starting to hit the world with few cases here and there in various countries . Supermx just increased the factory price by about 15 % only to about US 27 . Its earning jumped 25 x with just a 15 % increase of ASP from pre pandemic . The exponential growth of earning is mainly from the change of business model not because of ASP . Look at the other 3 glove makers , they cant produce the 25 x YOY earnings . I am sure they also increase their price by 10 to 15 % but their earning growth is between 135 % to 365 % . The key point is new OBM cum Distributor model .Even if ASP drop back to US 27 to 30 level , Supermx can still deliver 800 millions per qtr if capacity increased to 48 billions per year by using simple maths .

Myinvestor , thanks for forwarding the edge article . Yes . I read a few times looking for supermx but cannot find leh .WHere is this Brian 3381 ? He said tonight supermx will be out of syariah compliant list because of too much cash wor . His insider information tak boleh pakai lah . I guess supermx management must have assured the SC that they will reduce the cash holding by giving out more dividend .

monetary , RHB report on Supermx gave blended ASP of 37 as long term stabilised ASP post pandemic . Remember as I explained Supermx ASP is a combination of Supermx own distributor ASP + Factory ASP to independent distributor . TO compare apple to apple , supermx factory ASP is 27.5 . THis give the combined ASP of 40 because distributor price is the final price to final customer . The factory ASP is about 10 to 15 % higher than the pre pandemic ASP of about 22 or 23 .
The April to June 2020 Qtr gave us a good guidance of how much earnings supermx can make when the factory ASP goes down to US 27.5 or Average Distributor ASP ( 58 % of total gloves shipped ) and Factory ASP of 40 . If you compaare Kossan and Harta during the same qtr , they cannot make 25 x yoy profit than supermx . Their ASP was 25 and 24 respectively which is about 10 % lower than Supermx ASP of 27.5 .
The big difference of earnings between supermx and the rest is because of removal of middlemen like agents , dealers , OEM etc or so call the new OBM cum Distributor model as supermx management name it .

Rubberex made another record profits and revenues . YOY is up 835 % and QOQ is up 36 % . This is attributed to better ASP and plant efficiency. Its capacity is also booked until end of the year . Management is also very positive with the future earnings of 2021 . No mention of ASP drop .

invest malaysia , I am a retired uncle already . Have to depend on dividend as incomes . started with RM 170 k . With rule 72 , it takes 4 years to double the capital with 18 % CAGR . You are good at maths too . From 1998 until today , there are 5.5 x of 4 years . With another one and a half year , there will be 6 x of 4 years . I hope I can still achieve above 18 % per year for this year and next year . Then I can retired comfortably.

Citadel , I have commented many times that I bought from 4 onwards with 4.9.average. Too bad my average is 4.9 loh. In my life , i always enter at the wrong timing because I dont know when.is the lowest. The.naydayers only say sell sell , sell but never say when DONT SELL. I can only decide my self when to buy by looking at the tgt prices from the IBS and do.my.own study. I also never sell at the highest in.my life . That is why I made very little . ONLY 18 % CAGR for the past 23 years. I intend to add supermx somemore. Can you.tell me at what price I.should enter?

citadel, not much lah
my dividend next month can buy me a small bezza only. waiting for next few good dividends loh. then can buy a new accord or camry loh.

invest malaysia, agree with you that rhb is not a bad share . It has 4 billion shares which is 1.5 x of supermx. So eps is lower loh. For those faint hearted, rhb could be a good choice.

Moneymaker, I am a few steps ahead of you in terms of numbers lah .

The US 40 for supermx April-June 2020 qtr was the average ASP of supermx distributor price ( 55 % of total gloves shipments ) and supermx factory price to independent distributors . The distributor price was at least 1.5x to 2 x higher than the factory price .
The factory or mfg price during this period was about US 27.5 which was only 15% to 20 % higher than the pre pandemic price . Based on Frost and Sullivans and Vital Factor Consultant Research , the post pandemic mfg prices would not be the same as pre pandemic price . Vital Factor gave US 38 blended ASP as the post pandemic price . MARGMA gave 40 to 60 % higher . US 27.5 is a very consevative numbers for post pandemic price . THe key point is not the 15 to 20 % difference . It is the OBM cum Distribution business model which provide new additional DISTRIBUTION INCOME and higher margin . THis is the main reason for the exponential growth of earning .

Money makers , please dont think that the foreign fund managers and local institutions do not know about this . They are shrewder and smarter than you and me . THey are just waiting at the sideline . When opportunity comes , they will strike big and hard . I am patiently waiting for the moment .

GloveOff , You dont have to worry for me . I will definitely add more supermx at such price . With ASP of only US40 , Supermx has proven to deliver 400 millions in last year April to June qtr with only 24 billions per year capacity . When its capacity grow to 48 billions , the earning will grow to 800 millions per qtr with simple maths . Where can you find such value for money stock ? If you short somemore , I will buy more from you .

Moneymaker , I want to rebut your misleading statement that Supermx earning will be 2x of pre pandemic earning when its capacity double .


Obviously , you intentionally ignore the FACTS of past records.

Let me share with you and all genuine investors plus naysayers on the Revenues , Profits , ASPs and Margins of supermx for the last 4 trs

Q3 FY2021 ( Jan -- March 2021)

REvenue 1938 millions
Net PRofit 1080 millions ( including donation of 75 millions )
ASP US 89
Margin 55.7 %

Q2 FY 2021 ( Oct - Dec 2020 )

Revenue 1999 millions
Nett PRofit 1059 millions
ASP US 86.6
Margin 53 %


Q1 FY 2021 ( July --Sept 2020 )

REvenue 1353 millions
Nett Profit 790 millions
ASP US 58.6
Margin 58.4 %

Q4 FY 2020 ( April - June 2020 )

Revenue 929 millions
Nett profit 400 millions
ASP US 40.2
Margin 42.9 %


The consensus from most analysts is that blended ASP will be aroung US 40 at stabilised atate post pandemic . THis US 40 is exactly the ASP of supermx during the qtr of April- June 2020 ASP . THe nett profit is 400 millions which is 25 X the pre pandemic earning . Money maker , Where did you get the number that the earning is only 2x . Pluck from the air ?

During this qtr ( April -- June 2020 ) , the capacity is about 24 billions per year . By simple maths , when capacity is doubled to 48 billions , the earning should be doubled to 800 millions per qtr .
This is the qtr that supermx has revamped its business model by cutting off middlemen like agents , traders , dealers and increase its OBM cum Distribution percentage to 55 % . Please note that with an ASP of only US 40.2 and at the very beginning of the pandemic during April to June , Supermx has proven that it can deliver a profit of 400 millions per qtr with a capacity of ONLY 24 billions per year .

FACTS DONT LIE .

Profit up 27 % yoy . Not bad result ..Hope tomorrow public invest will upgrade tgt price

I am a supermx medium term investor not gambler . I enter at a reasonable price of below 5. I am a fundamentalist looking at company business fundamentals before I invest . MFCB is my biggest investment which I had invested for a few years because of its lucrative hydro power business .
THe share price of MFCB was in down trend for 3 months but I am not bogged down or went hysterical because I know the value of MFCB with its 25 years strong cash flow of 400 millions plus per year and an earning of about 330 millions per year . Peanuts compared with Supermx of 3 to 4 billions per year . Today , BOOM , there is a strong rebound of 64 sen today after MFCB acquired Stenta for 205 million . Brian 3381 and another abusive naysayer condemned me by stating that I ran away from MFCB and come to supermx because of losing money in MFCB . How wrong they are . You can check my numerous comments on MFCB fundamentals in i3 forum .

If a company has good cash flow and fat cash piles , the management can do wonders by acquiring good company and improve its earning . By the way MFCB is still not in nett cash yet . I come to Supermx because I see value in supermx . Hope I am right like how I invested in MFCB and still keeping .

monetary, based on MARGMA and QR of glove makers, demand are.still.very strong till 2022. Only 2023 may reach equilibrium meaning.suppy and demand equalise. Post.pandemic, demand will still grow between 12 to 15 % based on MARGMA Report. If capacity.grows faster than 12 to 15 % , then there will be oversupply. All the glove makers should pull their brakes then. So far supermx only committed doubling of capacity to 48 billions by end 2022.

Monetary , I am not saying all the 11 B will be distributed as dividend but the worth per share is RM 4 .. Investors will be happy if 50 % can be distributed as dividend like Topglove ( 70 % this year and 50 % subsequent years ) and Harta ( 60 %) . The following are my estimations on earnings for the next 7 qtrs .

2021 balance 3 qtrs

Based on 2 IBs reports , next qtr ASP will be between US 80 and 110 . Average is 95 .
I just take an average of US 88 for the next 3 qtrs since supermx capacity was fully booked till end of the year with lock in contractual prices.

Earning per year = 26 b x 88 x 0.9 x4.12 x 0.55 = 4.666 billions

Earning for 3 qtr = 4.666 x 3/4 = 3,5 b


2022 Earnings

The capacity will be 36 billions based on supermx QR reports . I used the ASP of 65 ( 23 % drop from 88 ) based on IB reports that future agreements will be negotiated based on the current spot price of US 70 to 80 . The future agreements shipments will be in 2022 because 2021 capacities was already fully bookded , I also lower the margin to 40 % since the analysts also reported that long term net margin will be between 30 to 40 % .


Earning per year = 36 b x 65 x 0.9 x 4,12 x 0.4 = 3 .470 b

The total earnings for the next 7 qtrs is 6.97 billions . You can use your assumptions by changing the numbers .

If the company decided to pay out 50 % of the 11 billion or rm 2 per share as dividend , leaving behind 5.5 billions for capacity expansion and balance as cash , effectively you are buying rm 2.35 per share based on.today price.

Supermx is expected to make another 7 billions from now until end of next year . With the 4 billions cash ending 31st.March , the total will be 11 billions . This is equivalent to rm 4 per share. That means the cash itself is almost equal to today share price. Do you think supermx is worth only 30 to 40 sen per share if you take out the 11 billion cash?

Invest malaysia. thank you. Recently many charity homes whatsapp me asking for help urgently because of short of funds due to poor collections . We just.donate based on.our capabilities .

invest malaysia , I am not a gambler but investor . You cannot measure success within a few weeks or a few months . Share price go up and down is normal . Quoted from Benjamin Graham " In the short run ,the market is a voting machine , In the long run , it is a weighing machine / I just sold off my Jaks which I invested for 2 years and make 56 % gain . Jaks also went through the up and down but I got the patience mah .Finally , I still got fairly good return . My MFCB has also gave me very good return after invested for a few years . Still keeping it . They meet my target of 18 % CAGR .
I will add supermx if the shorties push it down further . Buy low or below the intrinsic value .As for supermx , I will keep it for a few years like what I did for Jaks and MFCB . If you make money , I congratulate you loh. Dont forget to do some charity ya . It will be good for you .

papasmurf , thank you . No point getting angry with these peoples . The mentality of day traders are very different from medium and long term investors . By the way ,do you have a copy of Supermx Analyst briefing slides dated 9 Aug 2020 ? Theseca slides has a lot of information on Mfg and Distributor ASP s before pandemic and during pandemic . It is very useful to predict the future earnings when ASPs come down and capacity goes up. Let me share with you the followings facts since you are genuine investor .

1. The manufacturing Nitrile ASP went up 5x from US 23 during pre pandemic to about US 120 during pandemic . However the ASP for distributors only went up 2x at from about US 90 during prepandemic to 180 during pandemic .

2. Supermx has dual incomes which is mfg income and distribution income . Most of the investors tend to omit or forget about the distribution income when they do a quick estimate .

3. Last qtr manufacturing income vs distribution income ratio is 65 % vs 35 % . Based on my simulation ,When the mfg ASP come down 50 % , the ratio will be 50 : 50 . However , when the mfg ASP come down further by 60 to 70 % , the ratio becomes 30% to 70 % which means the distribution income become more dominant. Not many investors realise this .

4. When the distribution income become more dominant , supermx can actually buy from the smaller glove players who do OEM . The US and UK plants can act more like warehouses and logistics hubs beside having some small manufacturing . I think supermx 's OBM cum distribution is a differentiator compare with other glove makers. We can expect more exciting development in future .

We have to be patient .

TraderTA, yes. the demand is still robut until 2022 based on.MARGMA report forwarded by you.

Before the end of wesak day, let me share with you the first 4 of the middle path or 8 fold path

1. Right Speech
2. Right Thought
3. Right Action
4. Right livelihood

Good night.

GloveOff, dont feel happy when.others temporarily had a misfortune . There is karmic effect on you. My sifu otb also believe in karma.
You did not read my first supermx investment experience from 2008 to 2010 ? On day , I will share my dayang investment experience.

GloveOff., I agreed my average is rm 4.90 .

GloveOff , It is not phoenix behavior to go to crow territory to talk bad about crow . It is because a group of crows artificially painted with colors and come to phoenix territory every day and night trying to tell the phoenixs how ugly the phoenixs are and encourage them to join the crows group. Then one day a phoenix decided to spray some water on the crow showing the original true black color of the cro so that other phoenixs wont join them.

arv18, Supermx will not put all its capacities in USA. The.US plant most likely.has a few billions per year capacity only. The plant will have its big warehouse to keep inventory shipped from Malaysia. I think 90 % of the total capacities will still be in.Malaysia. Supermx is adding another 22.6 billions capacities by end of 2022 by building.5 plants concurrently in Malaysia.

GloveOff , Based on last QR of all glove makers, demand remained very.strong. Most of them had their capacities booked until end of the year. All glove makers increased their capacities due to high drmand ..Supermx will.double its capacity by 2022.
I am.not trying to deflect to Genting. What prompted me to look at Genting TA snd FA was because most of the naysayers in supermx are promoting Genting and talk bad about supermx. So I make a comparison as follows.

1. Last 5 qtrs earnings

Supermx made 3.3 billions。
Genting lost 1.4 billions

2. Last.qtr.earning

Supermx earning 1 billion
Genting lost 333 millions

3. Next qtr projected earning

Supermx is expected to make 1.1 to 1.2 billions
Genting is expected to.lose 333 to 500 mollions

4. Capacity expansions

Supermx will.double its capacity in 2022
Genting will expand its capacity ? Dont know because there is no demand for the next few years. Current casinos capacities are oversupply already.

5. TA
Supermx show.growing trends with double digits growth
Genting showed down trend from rm 10 to 6 even before pandemic from.2012 to 2019 .With.pandemic, it showed 2 big dips to rm 3. It will dip further with billions lost and casinos over capacities . There is alnost zero demands.

6. Cash piles
Supermx show increasing.trends with more and more profits
Genting cash piles.is dimishing with big losses. Dividend payments from.cash piles will.also decrease the cash piles.

7. Future earning.forecasts

Supermx is expected.to.make a total of another 10 billions from now until end of 2023.
Genting is expected to.lose at least one billion per year for the.next 3 years.

8. Syariah compliance
Supermx is.syariah.complied
Genting is not syariah complied.

Comparing Supermx with Genting is like comparing beautiful and colourful phoenix with black crow . Supermx beat Genting flat in the above 8 criteria . Supermx has much much.more.values than genting.

newbie, agreed. It is more for long term value.

Today is Wesak day . Happy wesak day to all genuine supermx investors . Stay away from Sin . Dont gamble , dont invest in sinful business which involve prostitution, cheating and gambling . Bad for karma .
For those buddists , practise the 4 state of minds .

Metta : Loving kindness
Love all beings including animals . Extend your love for them

Karuna : Compassion
Feel sorry when someone meets misfortune . Dont feel happy because of someone misfortune .

Mudita : Sympathetic Joy
Be happy when you see someone joyful because of good things happen to them . Dont feel jealous .

Upekka : Equanimity

It means , tranquility ,peaceful, calmness ,neutrality , no anger , no jealousy , no hatred .Forgiving .

Among the four state of minds , Upekka is the most difficult to practise .It is not easy. If you reach this state of mind , that means you see through the world . You understand the cycle of up and down and not affected by it . Monks can do it when they have no more attachments .

Amitaba .

arv18, you have picked up the topic on " Building Glove Manufacturing Plants Closer to Customers in USA ."

You missed out the part on bold as follows:

" We have to date received approval from a state government, Capital Investment Tax Credit (CITC) with projected Capital Investment of US 482 million . We are currently working with another State for similar or better Capital Investment Incentives before making a final decision on the state or the shortlisted site where the project will be located ."

Based on the above statement , the Supermx management is still scouting around to find the best TAX CREDIT INCENTIVES the state can offer making final decision to build the US 550 million plant. THe tax incentive of US 482 million is lucrative to offset the one time cost of investment of US 550 million.

Dont worry too much on supermx making investment in US .THe world two biggest wafer fab foundry TSMC and Samsung will be building plants in US too . Their shares are very much sought after after annoucing their plans to invest in US where their biggest customers are situated .

The acquisition of Stenta is already in the news. This acquisition will immediately contribute positively to the revenue and profits of the company as reported.

Ibelieve , agree with you . No professional analysts use NTA to value a company unless the company has been making losses and will continue to lose in the next few years . The most common.methods of valuations are DCF or PE ratios of future earnings. If there is no visibility of future earnings , these two methods will give zero value for the company which is unlikely because the company asset.can still be.sold off or auctioned off. Then the NTA will be used to value the company with.some discounts.
There is no doubt that Genting will be losing billions this year when the pandemics are much worst than last year.

citadel9999, wearing gloves are mandatory in medical , dental , pharmaceutical and some food industries . Dont tell lies to misled peoples. Even before pandemics , wearing gloves were already mandatory in these industries.

viknes36, agreed with you . According to Research house Vitality Factor Consultant, the price will drop to house in 2024. Some bank analysts believe price drop half in 2023. You are right supermx capacity will be doubled by the end of 2022. There will still be good profits of billions ringgit per year with capacity expansions.

Singapore or Las vegas casinos depends on international travellers. You.think Singapore casino depends on singaporeans only ? If Malaysians , Indonesians , Chinese , Thais cannot travel to Singapore, how to get business.? US has 30 % of peoples still.refuse to get vacinated, you think peoples dare to go to US ? Look at the long term chart , even.without pandemic, Genting share price.already came down . This is a fact . No need to argue. With such a severe pandemic, you think.peoples dare to go to casinos ?. Some more with so much anti.Asians sentiment in US, the gambling instinct Chinese.from.China, Singapore, M alaysia etc will not go to US for the next few years.

If you take a look.at Airasia , NTA already minus 0.37 after losing a total of 5.5 billions.in the last few qtrs. I think Genting will face the same situation in the next.few years after losing bilions and billions every year. In fact, without pandemic, the price has been dropping from rm 10 in 2012 to rm 6 in 2019 . With pandemic., it will be.much much worst. I think.it will be less than rm 1 like airasia. Supermx makes few billions last year and will continue to make few billions every year, you all talk bad about supermx but genting.lose billions and billions you all.say very.good shares. What nonsense ?

NTA will.keep dropping if continue to lose billions and billions for next few years. How to pay dividend ? From where ?

I heard some of supermx naysayers are Genting promoters . I was curious.so I decided to take a look on Genting TA and FA . I saw last QR result lost 333 millions. Total losses for last 5 qtrs was almost 1.4 billions. Then I look.at the price trends for the last 10 years. It was long term downtrend since 2012 from the peak of rm 10 until less than 5 . On future.prospect , I think.it will continue to lost money for at least 2 to 3 years with the pandemics. I cannot understand why the price can still goes up with.such bad fundamental. Because of active promotions?

wallstreetrookie, the availability factor for last year Jan to March period was 70.7 %. This period is the most dried season. During wet season , it can hit 95 % availability factor. The difference can be 20 to 25 % different.

DSIVANP , yes . it is disheatening indeed if you have bought very high at more than 5. In stock investment , there is always risk . No one can claim they are right all the time . It is important to use only excess money for stock investment so that you have holding power . Many glove investors could have bought betweeen July till Oct last year when it was at the uptrend with all IBs giving very high tgt prices from rm 7 to rm 15 . When TA shows buy signal coupled with IBs keeps upgrading , the newbies followed without looking at the fundamentals . At that time , the PE s for most of the gloves makers are more than 100 and the anticipated earnings are not proven yet. When the trends reversed , many did not cut lost and got stucked . I came in March when the price has came down 2/3 to about 4 from the peak of 12 . The PEs of almost all glove makers were below 10 with 4 qtrs of proven earning results.They also had billions of cash in banks . Supermx PE is below 4 . With its orders booked till end of the year with contractual ASPs plus its 4 billions cash piles and doubling of capacity by end of 2022 , I see value in Supermx .I hope I am right . All the bank Analysts still give buy calls with an average tgt prices of RM 7.30 , Only a bunch of naysayers give" sell call" but do not give any numbers and tgt prices .Only keep harassing the supermx shareholders in this supermx forum . The naysayers think they are smarter than the bank analysts . I trust my own judgement. You have to make your own judgement whether to trust the unprofessional naysayers who keep barking at peoples to sell low with no facts and figures or to trust the bank analysts who give buy calls with tgt prices.

I want to share my experience of my investment of supermx in 2008. I bought about 100 lots of supermx in the middle of 2008 at about rm 1.10 .Then the US financial crisis hit the stock market. Many of my friends ran early and cut loss. The supermx share price nosedive to 80 sen when Supermx made bad acquisitions of two loss making glove companies Seal Polymer and APLI . Supermx failed to turnaround these 2 companies and decided to write off completely the loss of APLI acquisition . I still hold on to my supermx shares despite a one time loss of supermx earning because I believe supermx is a growing and profit making company at a PE of 5. Supermx started to make more and more profits from 2009 onwards because of H1N1 epidemic in.US and certain.part of the world. When the price reach rm 6.50 in mid 2010, I sold all my supermx shares making an average of 5 x ( about 500k) when the pandemic was officially over. My friends who laughed at me earlier congratulated me and regretted for selling too early. Moral of my story . be patient . Dont be despair with a short hiccup. 塞翁失马，焉知祸福。

Taipan, good morning , the fact that these peoples who do not own supermx shares but keep coming to supermx forum and talk bad about supermx tell you.something. They see the good value of supermx and want to buy Supermx at low price by scaring those faint hearted supermx share holders to sell.at low price. Otherwise, why do you think they are here ? We just enjoy our dividend which will be coming next month.

hahaha, so amusing

Demand Continues to Increase .

Quoted from Prospects of last supermx QR

" The demand for gloves as a protective equipment remains strong as the world continues to fight the COVID 19 pandemic . New waves continue to hit countries around the world , not least at which is the dire situation developing in India , Since the start of the pandemic , we have seen and continue to see the emergence of new customers and new consumption not previously seen before prior to Covid 19 .

The surge in demand since March 2020 has resulted in a rapid rise in average selling prices (ASPs) .Governments all over the world have increased healthcare spending budgets to contain the effects of the pandemic and in preparation of possible more waves . In light of this ,we expect the demand to remain buoyant beyond 2021 ."

The above statements are directly from Supermx management .